– Terravita’s 2018 Real Estate Market Update –
Terravita is a wonderful gated golf community in North Scottsdale, located just south of the Town of Carefree. There are over twenty smaller neighborhoods that offer anything from smaller casitas to larger homes with to 4,000 square feet. Many of these homes overlook the golf course, which was designed by Billy Casper and Greg Nash.
Terravita has a large fitness center, tennis courts, multiple pools, lovely clubhouse with plenty of social events and miles of trails perfect for walking or jogging. And, folks who like to golf have the opportunity to join the Terravita Golf Club.
HOMES FOR SALE AND PENDING SALES IN TERRAVITA AS OF 11/29/2018
As of the end of November, there were 23 homes for sale within Terravita. They ranged in price from $425,000 for a 1,609 square foot home to $899,000 for a 3,120 square foot home.
There were three homes in UCB status as well. The least expensive one was $589,000 (2,521 square feet) and the most expensive home was listed for $690,000 (2,866 square feet.)
Seven homes were in pending status. These homes prices ranged from $369,000 (1,409 square feet) to $795,000 (3,087 square feet.)
2018 HOME SALES IN TERRAVITA TO-DATE
Sales saw a very strong first half in 2018, with almost 70% of all of the sales year-to-date. Sales tapered in Q3, which follows our seasonal patterns. Nine sales have posted in Q4 with another ten in pending or UCB status.
Sales price to list price has remained more or less level with buyers seeing an average of 2-3% off of asking prices.
Average sold price per square foot has also been pretty level with the exception of Q3, which came in lower.
The most expensive home sale in Terravita in 2018 so far was $885,000. This was for a 4,034 square foot home with three bedrooms and three and one-half bathrooms. It had been listed for $949,900.
The least expensive home sale to-date this year was $367,250 for a 1,385 square foot home with two bedrooms and two bathrooms. It had been on the market for $374,900.
Disclaimer: Information herein deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 11/29/2018 and can change at any time. The analysis looks at residential single-family home sales activity in Terravita in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2018 Heather Tawes Nelson